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Law change creates possible public auction deals | News

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Law change creates possible public auction deals
News, Politics
Law change creates possible public auction deals

LITTLE ROCK, Ark. (KTHV) - There's a boost coming to public auctions pushing to get tax money back from delinquent properties.

The state's biggest public sale arrives Tuesday at Verizon Arena.

A recent change in the law starts bidding at how much is owed in taxes, not assessed value.

Commissioner of State Lands, John Thurston, said that it's changing the crowd at the sale.

"And it's bringing more folks out. People that may not have had as deep a pocket can actually come out and be involved in the bidding," said Thurston.

Bidding can begin possibly thousands of dollars lower, but be aware, even if you pay a small amount at the auction, there are still several possibly steep expenses that come with tax delinquent property.

 

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